Wool Market Overview in Iceland
The revenue of the wool market in Iceland rose markedly to $ in 2019, increasing by % against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption continues to indicate a resilient expansion. The growth pace was the most rapid in 2010 with an increase of % year-to-year. Over the period under review, the market hit record highs at $ in 2014; however, from 2015 to 2019, consumption stood at a somewhat lower figure.